Saving and dissaving under Ramsey–Rawls criterion

Thai Ha-Huy (University of Evry Paris-Saclay) & Tuyet Mai Nguyen (Thuongmai University)

 

This article studies an inter-temporal optimization problem under a criterion that is a combination of Ramsey’s and Rawls’s criteria. A detailed description of the saving behavior through time is provided. The optimization problem under the \alpha-maximin criterion is also considered, and the optimal solution is characterized.

 

Published in

Journal of Mathematical Economics, 2022


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